# Thread: My theory to becoming a millionaire by sports betting

1. ## My theory to becoming a millionaire by sports betting

- Have at least a bank roll of \$1000 to start (every rich person didn't get rich from not investing)
- Bet 5% of your bank roll (\$1000) on 20 games (so you have played your whole bank roll on 20 different games
- On average, I have calculated in order to break even you need to win 54% of the games
- So imagine taking 20 games in a season of your favourite sport and only having to guess 54% of them correct, easy huh?
- Gain anything over 54% and you can make a profit
- Average percentage increase in bank roll each week is 7% from going over the 54% thresh hold
- Each week your bank roll increases by 7%
- Week 1= \$1070 week 2= \$1144 week 3= \$1224 and so forth
- 7% may not sound like much but once your bank roll gets bigger, 7% increase becomes more noticeable
- Repeat this for a few months
- Include interest rates from saving which will further increase your bank roll
- Eventually you will reach a million

Tip:
Don't spend any of your bank roll untill you reach a million or unless you get into extreme financial hardship. Spending your bank roll will slow down the process.

Never bet more than 5% of your bank roll on any 1 game.

Don't be greedy.

EDIT: The figures are averages that have been calculated by myself and various other betting bloggers and experts alike.

2. looks like youre about to become a millionaire, OP. congrats dude, wasn't that easy?>!?!

3. Originally Posted by MyBodyIsRdy420
looks like youre about to become a millionaire, OP. congrats dude, wasn't that easy?>!?!
It takes perseverance but any millionaire will tell you they didn't become what they are by not taking risks and doing their homework. If you do this and are smart about it, then you can become a very wealthy man. Billy Walters is an example.

4. Originally Posted by calvesbrahhhh
It takes perseverance but any millionaire will tell you they didn't become what they are by not taking risks and doing their homework. If you do this and are smart about it, then you can become a very wealthy man. Billy Walters is an example.
wow wise words man im getting emotional over here

5. Isn't this why there are spreads on games?

6. Originally Posted by MyBodyIsRdy420
wow wise words man im getting emotional over here
Not sheriff srs.

7. Now someone explain why this wouldnt work

8. I dont understand, so correct me if im wrong bro but here in Aus, some teams pay as low as \$1.02 to \$1.50, so i don't see how you can always break even if you have atleast a 54% success rate

9. Or you could just travel to the future and buy a sports almanac.

10. have you never heard of odds on a match? the fuk OP

11. Originally Posted by BillVickerson
Isn't this why there are spreads on games?
The figures from the OP are averages that have been calculated.

12. Well you have the bankroll management down, now all you have to do is win, which you probably won't.

13. bookies will ban/limit you before you get anywhere near

14. Originally Posted by Afterword
Now someone explain why this wouldnt work
The house always wins, always.

15. Originally Posted by Dfekt3d
I dont understand, so correct me if im wrong bro but here in Aus, some teams pay as low as \$1.02 to \$1.50, so i don't see how you can always break even if you have atleast a 54% success rate
Brah 54% is the average amount you need to win.

16. Words included: easy
words not included: odds

On average OP is a phaggot, and proven once again today!

17. Originally Posted by NeoginCF
The house always wins, always.
Tell that to Billy Walters. Search him if you dont know who he is.

18. Thanks for the brilliant plan that 90 percent of people haven't already thought of OP. I'm on to my millionaire scheme. Starting tomorrow.

Negged.

19. Originally Posted by EricTheGreat
Well you have the bankroll management down, now all you have to do is win, which you probably won't.
Win on average 54% of your bets and you break even. Think about it, that's actually not too hard. Especially if you knw a lot about the sport in which you are betting on.

20. Originally Posted by calvesbrahhhh
- Have at least a bank roll of \$1000 to start (every rich person didn't get rich from not investing)
- Bet 5% of your bank roll (\$1000) on 20 games (so you have played your whole bank roll on 20 different games
- On average, I have calculated in order to break even you need to win 54% of the games
- So imagine taking 20 games in a season of your favourite sport and only having to guess 54% of them correct, easy huh?
- Gain anything over 54% and you can make a profit
- Average percentage increase in bank roll each week is 7% from going over the 54% thresh hold
- Each week your bank roll increases by 7%
- Week 1= \$1070 week 2= \$1144 week 3= \$1224 and so forth
- 7% may not sound like much but once your bank roll gets bigger, 7% increase becomes more noticeable
- Repeat this for a few months
- Include interest rates from saving which will further increase your bank roll
- Eventually you will reach a million

Tip:
Don't spend any of your bank roll untill you reach a million or unless you get into extreme financial hardship. Spending your bank roll will slow down the process.

Never bet more than 5% of your bank roll on any 1 game.

Don't be greedy.

EDIT: The figures are averages that have been calculated by myself and various other betting bloggers and experts alike.
Stronger chances of losing then winning, I'll continue my night job as a prostitute

21. http://www.billionairegambler.com/20...y-walters.html

Billy Walters, Sports betting millionaire.

22. Originally Posted by SeriousDon
Stronger chances of losing then winning, I'll continue my night job as a prostitute
No, Because in sport it is not necessarily a 50/50 chance a team will win/lose. Think about it, if you are betting on the Spanish football team against the Northen Irish team then obviously it wont be 50/50 and your chances will go up if you bet on Spain.

23. Originally Posted by calvesbrahhhh
Brah 54% is the average amount you need to win.
Reps if you post your calculations used to get this 54% average

24. more like a theory on how to break even. and lol @ billy walters the guy is not a gambler.

25. Originally Posted by calvesbrahhhh
No, Because in sport it is not necessarily a 50/50 chance a team will win/lose. Think about it, if you are betting on the Spanish football team against the Northen Irish team then obviously it wont be 50/50 and your chances will go up if you bet on Spain.
which is reflected in lower odds on spain > strike rate needs to be higher > in the long term the bookmaker wins > herp derp derpity durp.

The key to winning is find value odds so you can beat the bookie, which is not easy.

26. First of all, winning more games than losing is easier said than done. Second, depending where you place your bets, some places charge higher juice than others, so you'd probably have to win more than 54% to come out ahead. And how did you even come up with 54%? Sounds like you'd need to hit that number just to break even because of the juice.

27. Originally Posted by Dfekt3d
Reps if you post your calculations used to get this 54% average
http://www.drbobsports.com/essays.cfm?p=8

It's common knowledge amongst sports investors that 52-56 percent is the average break even range you need.

EDIT: oh and Billy Walters claims a 57% percent win average and he is a millionaire.

28. Originally Posted by 84renzo
which is reflected in lower odds on spain > strike rate needs to be higher > in the long term the bookmaker wins > herp derp derpity durp.

The key to winning is find value odds so you can beat the bookie, which is not easy.
Yes there will be a lower return but the key word is 'return', you are winning profit.

29. Originally Posted by calvesbrahhhh
Yes there will be a lower return but the key word is 'return', you are winning profit.
notsureifsrs

30. 1000000=1000(1.07)^x

brb winning 102 times in a row to become a millionaire

chances of that hapening are .5^102. or pretty much 0

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